On November 10, the non-fungible token (NFT) marketplace Rarible.com and the Rarible protocol announced an integration with the Flow blockchain. The announcement clarifies that Rarible users can now create, list, and trade Flow-based NFTs in the Marketplace.
Rarible Partners With Flow Blockchain
The NFT market Rarible.com and the Rarible protocol have revealed the support of the Dapper Labs crafted blockchain network Flow. Rarible’s announcement explains that Flow-based NFT users will see “extremely low fuel costs and a fast user experience.” For instance, data shows on Thursday, November 11, ethereum (ETH) network fees are 0.012 ether per transaction or $57.98. Rarible’s ad notes that Flow’s network fee is around $ 0.0001 per transfer.
“Moreover, since Flow has been created with both end-users and developers in mind, we also integrated it with the Rarible Protocol, which means that you can now make use of fully open-source infrastructure to build NFT projects with Flow’s refined developer ergonomics,” the Rarible team details.
The Flow blockchain created by Dapper Labs is well known for various NFT projects such as NBA Top Shot and Cryptokitties. Flow recently partnered with Filecoin and joined forces with the tech giant Google in order to help bolster Web3 development, blockchain gaming, and non-fungible token (NFT) technology.
Rarible announced its integration with Flow at the end of June. At the time, the NFT market explained that it had also raised $ 14 million in a Series A funding round. According to statistics from dappradar.com, Rarible’s all-time sales are around $264.69 million and it’s the sixth-largest NFT project in sales. Flow’s NBA Top Shot NFTs have seen $728.23 million in all-time sales and it’s the fourth leading NFT project in terms of overall sales.
